Metal

The White House confirmed President Donald Trump will proceed with sweeping new tariffs effective Wednesday, escalating global trade tensions and stoking fears of economic stagflation as businesses and consumers brace for higher prices and supply chain disruptions. The measures include immediate reciprocal tariffs on nations taxing U.S. goods and a 25% duty on auto imports […]

Commodity traders Gunvor and Vitol are queuing to withdraw nearly 100,000 metric tons of Russian aluminum from London Metal Exchange (LME)-approved warehouses in South Korea’s Gwangyang port, sources reveal, as global supply chains pivot to absorb sanctioned metal. The stockpile, valued at over $250 million, underscores efforts to redirect Russian supplies to markets like China […]

The White House is drafting an executive order to expedite deep-sea mining in international waters, allowing companies to bypass a UN-backed regulatory process and seek permits directly through the U.S. Department of Commerce, according to sources familiar with the plan. The move, part of President Donald Trump’s push to secure critical minerals like nickel and […]

Tin prices surged to two-week highs on Friday, fueled by speculative bets that a 6.8-magnitude earthquake near Myanmar’s Mandalay could delay the restart of production in Wa State, the country’s primary mining region responsible for 70% of its tin output. Benchmark three-month tin on the London Metal Exchange (LME) jumped 2.5% to $36,140/ton, nearing mid-2022 […]

Myanmar’s Kachin Independence Army (KIA) has seized control of northern mining regions producing half the world’s heavy rare earths, disrupting China’s supply chain and triggering a scramble for influence involving regional rival India. The rebel group’s October takeover of Kachin state’s rare earth belt—critical for EV motors, wind turbines, and defense tech—has slashed Chinese imports […]

Nippon Steel has **raised its U.S. investment pledge to 7billion∗∗—up from an initial 2.7 billion—to secure approval for its stalled $14.9 billion merger with U.S. Steel, according to a Semafor report citing sources close to negotiations. The revised offer aims to address U.S. government concerns by funneling funds into upgrading aging Rust Belt facilities while […]

Gold surged to a historic peak on Thursday Key Drivers: Trade Retaliation Risks: Canada, France, and other nations threatened countermeasures after Trump’s tariff announcement, set to take effect alongside reciprocal duties targeting trade-deficit partners. Equity Market Turmoil: Global stocks slumped, with automaker shares plunging as tariffs rattled supply chain confidence (MKTS/GLOB). Central Bank & ETF […]

Goldman Sachs maintained its bullish copper price forecasts on Wednesday, predicting that U.S. tariffs on imports will prevent a domestic stockpile surge in Q3 2025 while global supply tightens. Key Forecasts & Drivers: Tariff Impact: Expected U.S. import tariffs (under Trump’s March probe) will slash domestic copper inventories by 30,000–40,000 tons/month starting mid-Q2, averting a […]

Hundreds of Canadian steel and aluminum workers have been laid off following U.S. President Donald Trump’s 25% tariffs, with unions warning of a looming “tidal wave” of job losses as broader economic uncertainty grips the sector. The United Steelworkers (USW), Canada’s largest private-sector union, reports over 200 layoffs so far, with 100,000 members at risk […]

The European Union announced stricter limits on steel imports on Tuesday, slashing tariff-free quotas and imposing 25% tariffs on excess volumes to protect its struggling steel sector from a surge in foreign shipments. The measures, effective next month, aim to reduce imports by 15% and support domestic producers in reclaiming market share while accelerating investments […]